Koshinski Asset Management Inc. lessened its holdings in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 30.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 44,442 shares of the company’s stock after selling 19,705 shares during the period. Koshinski Asset Management Inc.’s holdings in Invesco Preferred ETF were worth $510,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in Invesco Preferred ETF by 8,789.3% in the 3rd quarter. FMR LLC now owns 2,489 shares of the company’s stock valued at $27,000 after buying an additional 2,461 shares during the last quarter. Ambassador Advisors LLC raised its holdings in Invesco Preferred ETF by 168.3% in the 1st quarter. Ambassador Advisors LLC now owns 2,688 shares of the company’s stock valued at $30,000 after buying an additional 1,686 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Invesco Preferred ETF by 148.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,800 shares of the company’s stock valued at $32,000 after buying an additional 1,675 shares during the last quarter. Fortitude Family Office LLC bought a new position in Invesco Preferred ETF in the 4th quarter valued at approximately $32,000. Finally, Gradient Investments LLC raised its holdings in Invesco Preferred ETF by 102.9% in the 4th quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock valued at $32,000 after buying an additional 1,397 shares during the last quarter.
Invesco Preferred ETF Trading Down 0.6 %
Shares of NYSEARCA PGX opened at $11.51 on Monday. The company has a 50 day simple moving average of $11.84 and a 200 day simple moving average of $11.37. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.
Invesco Preferred ETF Company Profile
The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.
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